{"id":6047,"date":"2020-04-16T03:38:51","date_gmt":"2020-04-16T03:38:51","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=6047"},"modified":"2020-04-16T03:38:51","modified_gmt":"2020-04-16T03:38:51","slug":"financial-support-to-help-australian-exporters-bounce-back","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2020\/04\/16\/financial-support-to-help-australian-exporters-bounce-back\/","title":{"rendered":"Financial support to help Australian exporters bounce back"},"content":{"rendered":"<p>Australian exporters impacted by the COVID-19 crisis will now have access to business-saving loans between $250,000 and $50 million under a new $500 million capital facility to be administered by Export Finance Australia.<br \/>\nThe new COVID-19 Export Capital Facility will target loans to established and previously profitable exporters who, due to COVID-19, are unable to gain finance from commercial sources.<br \/>\nFederal Trade Minister Simon Birmingham said the COVID-19 Export Capital Facility would help trade-exposed businesses, including those from regional Australia and businesses in the tourism and education sectors, to get through this crisis and get to the other side.<br \/>\n\u201cThese are tough times for many trade-exposed businesses who have been some of the hardest hit by the COVID-19 crisis,\u201d Minister Birmingham said.<br \/>\n\u201cRising export costs, disruptions to supply-chains and loss of markets are some of the factors that are making it difficult for exporters to access vital commercial finance.<br \/>\n\u201cWe are currently in a difficult credit environment and these loans will provide a lifeline to Australian exporters to help them maintain their operations.<br \/>\n\u201cThis critical financial assistance will help exporters to get back on their feet through helping to re-establish markets, or provide working capital support or help exporters purchase new equipment to expand their operations.<br \/>\n\u201cHelping our export sector to get access to business-saving finance is crucial to reducing job losses through this crisis and a critical part of the ultimate economic recovery.<br \/>\n\u201cThese business-saving loans are in addition to the significant steps our Government has already taken to support exporters and jobs across the sector to get through these incredibly tough times.\u201d<br \/>\nThe COVID-19 Export Capital Facility complements other initiatives to sustain exporters, and position them to rebound quickly, including the Small and Medium Enterprises (SME) Guarantee Scheme that will support up to $40 billion of lending to SMEs (including sole traders and not-for-profits). Under this scheme, the Government will guarantee 50 per cent of new loans issued by eligible lenders to SME up to $250,000.<br \/>\nIn addition to the COVID-19 Export Capital Facility, Export Finance Australia will also provide assistance to its existing customers through access to credit and financial relief.<br \/>\nFor more information on Export Finance Australia, including how to apply for finance, visit:\u00a0<a href=\"http:\/\/www.exportfinance.gov.au\/covid19.\" target=\"_blank\" rel=\"noopener noreferrer\">www.exportfinance.gov.au\/covid19.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australian exporters impacted by the COVID-19 crisis will now have access to business-saving loans between $250,000 and $50 million under a new $500 million capital facility to be administered by Export Finance Australia. The new COVID-19 Export Capital Facility will target loans to established and previously profitable exporters who, due to COVID-19, are unable to &hellip; <a href=\"http:\/\/www.16news.com.au\/index.php\/2020\/04\/16\/financial-support-to-help-australian-exporters-bounce-back\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Financial support to help Australian exporters bounce back&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-6047","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/6047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=6047"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/6047\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=6047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=6047"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=6047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}